{ "ticker": { "uuid": "3957b4e2-a939-47f0-876c-0dad355fafa3", "symbol": "300474", "name": "Changsha Jingjia Microelectronics Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -56.229, "architecture_energy": 51.176, "architecture_maturity": 57.885, "architecture_confidence": 89.291, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 25.67, "rotation_up": 17.19, "upward_expansion": 10.93, "deceleration": 40.9, "rotation_down": 59.76, "downward_expansion": 79.6 }, "activity_lines": [ 52.913333, 54.026727, 56.366476, 58.572215 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 53.18, "trend_reference": 62.459333, "distance_from_trend": -0.148566, "trend_direction": "Weakening", "fair_value": 72.486882, "distance_from_fair_value": -0.26635, "fair_value_direction": "Weakening", "relative_strength": -25.787386, "relative_strength_direction": "Improving", "price_momentum": -0.28406, "excess_performance": -0.29146, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.148566, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.091844, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.26635, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.148607, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.257874, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.003805, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.28406, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.63481, "read": "Supply-led" } ], "volume": { "latest": 42256083, "relative_activity": 0.904852, "balance": 0.63481, "dry_up": 1.185823, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.114025, "annualized_volatility": 0.509658, "from_high_reference": -0.434075, "from_low_reference": 0.106764 }, "levels": { "trend_reference": 62.459333, "fair_value_reference": 72.486882, "structural_low": 48.049999, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": 0.008775, "positive_rate": 0.521739, "directional_follow_through": 0.478261, "median_excess_return": 0.00455, "regime_survival": 0.73913, "best_return": 0.570984, "worst_return": -0.291275, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.019095, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.031358, "regime_survival": 0.444444, "best_return": 0.498326, "worst_return": -0.264148, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.223491, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.234883, "regime_survival": 0.2, "best_return": 1.689626, "worst_return": -0.317707, "sufficient": true }, { "horizon": 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-28.431831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.526483, "energy": 35.830157, "activity_lines": [ 56.168001, 56.165819, 58.380953, 60.837785 ] }, { "date": "2026-07-24", "close": 50.610001, "volume": 57568864, "typical_volume": 45891043.85, "trend": 63.805, "fair_value": 72.881358, "relative_strength": -28.4573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.940637, "energy": 39.027475, "activity_lines": [ 54.350001, 54.941455, 57.491905, 59.933979 ] }, { "date": "2026-07-31", "close": 52.599998, "volume": 42367761, "typical_volume": 46204219.55, "trend": 63.082333, "fair_value": 72.65656, "relative_strength": -23.675915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.563393, "energy": 39.155631, "activity_lines": [ 53.522667, 54.334, 56.872905, 59.211075 ] }, { "date": "2026-08-07", "close": 53.18, "volume": 42256083, "typical_volume": 46699455.55, "trend": 62.459333, "fair_value": 72.486882, "relative_strength": -25.787386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.229132, "energy": 51.175583, "activity_lines": [ 52.913333, 54.026727, 56.366476, 58.572215 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }